Economy, Banking and Finance · 22 January 2026

International Labour Organization (ILO) projects global unemployment rate to remain at 4.9% through 2027

Exam-focused facts from the 22 January 2026 current affairs briefing.

Key facts

  • The International Labour Organization (ILO) estimates global unemployment at 186 million people in 2026.
  • The ILO warns that 465 million jobs depend on foreign demand through exports of goods and services and related supply chains.
  • Nearly 300 million workers live in extreme poverty on less than $3 a day.
  • About 2.1 billion workers are expected to hold informal jobs in 2026 with limited social protection and job security.
  • Youth unemployment among 15 to 24-year-olds is projected at 12.4% for 2025, with 260 million young people not in education, employment or training.
  • Women account for only two-fifths of global employment, highlighting entrenched gender inequalities.